GAMMA Investing LLC Has $662,000 Holdings in International Flavors & Fragrances Inc. (NYSE:IFF)

GAMMA Investing LLC boosted its stake in International Flavors & Fragrances Inc. (NYSE:IFF) by 129.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,948 shares of the specialty chemicals company’s stock after purchasing an additional 3,918 shares during the period. GAMMA Investing LLC’s holdings in International Flavors & Fragrances were worth $662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IFF. State of Alaska Department of Revenue grew its holdings in International Flavors & Fragrances by 0.5% in the first quarter. State of Alaska Department of Revenue now owns 27,696 shares of the specialty chemicals company’s stock worth $2,381,000 after purchasing an additional 130 shares during the period. Parallel Advisors LLC boosted its stake in International Flavors & Fragrances by 3.9% in the fourth quarter. Parallel Advisors LLC now owns 3,679 shares of the specialty chemicals company’s stock valued at $298,000 after acquiring an additional 138 shares during the last quarter. Pflug Koory LLC boosted its stake in International Flavors & Fragrances by 2.4% in the first quarter. Pflug Koory LLC now owns 6,522 shares of the specialty chemicals company’s stock valued at $561,000 after acquiring an additional 152 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in International Flavors & Fragrances by 21.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 901 shares of the specialty chemicals company’s stock valued at $73,000 after acquiring an additional 157 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of International Flavors & Fragrances by 1.4% in the first quarter. Fifth Third Bancorp now owns 13,595 shares of the specialty chemicals company’s stock valued at $1,169,000 after purchasing an additional 185 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at International Flavors & Fragrances

In related news, insider Angela Strzelecki sold 2,588 shares of the stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $95.66, for a total transaction of $247,568.08. Following the completion of the sale, the insider now directly owns 8,539 shares of the company’s stock, valued at $816,840.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. UBS Group increased their price target on shares of International Flavors & Fragrances from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Citigroup upped their price objective on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Oppenheimer assumed coverage on shares of International Flavors & Fragrances in a report on Friday, June 7th. They set an “outperform” rating and a $116.00 price target on the stock. Morgan Stanley upped their price objective on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 3rd. Finally, Mizuho upped their price objective on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances currently has a consensus rating of “Hold” and a consensus price target of $98.33.

International Flavors & Fragrances Stock Down 1.9 %

IFF stock traded down $1.81 during trading on Monday, reaching $94.33. The stock had a trading volume of 1,153,369 shares, compared to its average volume of 1,833,325. International Flavors & Fragrances Inc. has a 1-year low of $62.11 and a 1-year high of $101.89. The company has a current ratio of 1.68, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $24.09 billion, a P/E ratio of -9.84, a PEG ratio of 1.95 and a beta of 1.26. The firm has a fifty day moving average price of $96.66 and a 200 day moving average price of $88.61.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.27. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the previous year, the firm earned $0.87 EPS. The company’s revenue was down 4.2% on a year-over-year basis. On average, equities analysts anticipate that International Flavors & Fragrances Inc. will post 3.98 earnings per share for the current year.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.70%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is -16.38%.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.